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Recipient Receives
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Banks and other providers add a markup and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market rates sourced directly from Reuters and add absolutely no margins! We charge a nominal fee.
Easy Transfers
Sign up, verify your account and get transacting. Know the exact amount your recipient will get as you set up your transfer.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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Transfer Money To UK At Zero-Margin Rates

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Send Money To UK

Surveys reveal that migrants have sent a record high of more than $500 billion (£320 billion) in remittances globally. As per the estimates, money remittances to the UK, including unrecorded transfers through formal and informal channels, could be worth up to $23 billion.

While remittances to the United Kingdom are on the rise, the cost of sending money to the country too has reached an all-time high. Banks and other money transfer services eat up a huge chunk of your money in the form of hidden charges and FX margins. InstaReM is here to change that. We transfer your money to the UK at Zero-Margin rates (mid-market rates directly sourced from Reuters with absolutely no margins added) and charge a nominal transaction fee. With InstaReM, you get to enjoy complete transparency on your money transfers. No nasty surprises or hidden charges at all. Try InstaReM and discover a safe and cost-efficient way to send money to the UK.

Frequently Asked Questions
  • Is it safe to send money to the UK through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud and money laundering.
  • How much does it cost to send money to the UK through InstaReM? InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. For payments from AUD or HKD to GBP, the fee is 0.5%. For payments from SGD to GBP, the fee is 0.25%. For transfers from MYR to GBP, the fee is 0.6%. Please note that the fees are subject to change.
  • How much time does it take to send money to the UK through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    *Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
  • Which banks in the UK are covered by InstaReM? InstaReM covers all banks in the UK, including HSBC, Barclays, Lloyds Banking Group, Royal Bank of Scotland Group, Santander UK and Standard Chartered, among many others.
  • What details are required to send money to the UK?
    1. Name: When sending to individuals in the UK, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in the UK.
    3. Account no: Beneficiary’s local account number in the UK.
    4. Beneficiary's Bank Code: You need your beneficiary’s SWIFT-BIC code to make a transfer to the UK.
  • What is a SWIFT-BIC Code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them. You can find SWIFT codes for the UK here.
  • Can I send money to the bank account of a business based in the UK through InstaReM? Yes. You can use InstaReM for business transfers to the UK.
  • What are the minimum and maximum limits for sending money to the UK through InstaReM? Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore and Hong Kong. Corporates: From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia, Singapore and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available for payout in the UK? We make payouts in GBP and USD only.
  • For what purposes can I send money to the UK through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in the UK from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in the UK
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    * InstaReM does not support payments for FDI (Foreign Direct Investment) purposes.
  • Does InstaReM support transfers to an email address of a recipient based in the UK? No. InstaReM does not support transfers to an email address in the UK. Try InstaReM and save on international money transfers to the UK with our competitive rates and round-the-clock client support. We also have first-transfer and referral bonuses for our clients.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America
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